All articles by Nyree Stewart – Page 78

  • News

    Oxford reviews TAA after poor performance

    2008-04-09T15:00:00Z

    [16:00 CEST 09-04] UK – Oxfordshire County Council pension fund is to review its Tactical Asset Allocation(TAA) strategy, managed by UBS, and has asked the fund manager about the possibility of returning £575,000 (€720,820) in performance fees after performance "deteriorated".

  • News

    Pensions Board highlights admin regulation risk

    2008-04-09T13:30:00Z

    [14:30 CEST 09-04] IRELAND – The Irish Pensions Board has warned trustees they will be committing a criminal offence if they fail to appoint a registered administrator to perform "core administration functions" before November 1 2008.

  • News

    Union members accept Scottish LGPS changes

    2008-04-09T12:30:00Z

    [13:30 CEST 09-04] UK – More than 90% of union members belonging to the Scottish local government pension scheme (LGPS) have voted to accept proposals for a new scheme, which come into force from April 2009.

  • News

    KPI for consultants could help trustee governance

    2008-04-09T11:00:00Z

    [12:00 CEST 09-04] IRELAND – The introduction of key performance indicators (KPI) to measure consultants' manager evaluation and monitoring processes, could be a useful tool for trustees, as basing investment decisions on performance data alone is a "flawed" process, experts have warned.

  • News

    BAS standards must be "targeted" not standardised

    2008-04-08T14:30:00Z

    [15:30 CEST 08-04] UK – Consultants have warned the introduction of standards around mortality assumptions could become a "worthless compliance exercise" as trustees and employers need "targeted advice".

  • News

    Carnegie explores legal action against former board

    2008-04-08T14:00:00Z

    [15:00 CEST 08-04] SWEDEN - Carnegie's shareholders, which includes the First Swedish National Pension Fund (AP1), have voted against discharging the former board and chief executive from liability relating to the overstatement of trading positions, and provided the current board with an opportunity to take legal action.

  • News

    1 in 3 Finns worried about cost of retiring early

    2008-04-08T13:00:00Z

    [14:00 CEST 08-04] FINLAND – Approximately one-third of Finns would like to retire early but do not believe they will have the money to do so, research from Nordea Bank has revealed.

  • News

    TPR supports fine issued to "misleading" accountant

    2008-04-08T12:45:00Z

    [13:45 CEST -8-04] UK – A former chartered accountant has been fined £2,000 (€2,534) after he misled The Pensions Regulator (TPR) and staff about the payment of almost £40,000 of outstanding pensions contributions.

  • News

    Need for IAPF guidelines is 'disappointing'

    2008-04-07T15:45:00Z

    [16:45 CEST 07-04] IRELAND – The Pensions Board has admitted it is "disappointing" the pension industry needs Investment Guidelines launched by the Irish Association of Pension Funds (IAPF), to change and improve behaviour relating to scheme assets governance.

  • News

    Swedish funds see management changes (updated)

    2008-04-07T14:30:00Z

    [15:30 CEST 07-04] SWEDEN – Swedish pension buffer fund Fjärde AP-fonden (AP4) has appointed Björn Kvarnskog as global equities manager, while there are further changes at AP2 and AP3.

  • News

    Corporate bonds boost buyout opportunities

    2008-04-07T14:00:00Z

    [15:00 CEST 07-04] UK – The 200 largest privately-sponsored UK pension schemes had an aggregate surplus of £11bn (€14bn) at the end of March, as a 7% rise in corporate bond yields helped offset the impact of falling markets, Aon Consulting has revealed.

  • News

    EC asks SWFs to welcome transparency

    2008-04-01T13:45:00Z

    [14:45 CEST 01-04] EUROPE/NORWAY – EU Trade Commissioner Peter Mandelson has warned Sovereign Wealth Funds (SWFs) not to respond with "resentment or indifference" to growing concerns about the impact of their investments on recipient countries.

  • News

    Capita Hartshead moves into investment advice

    2008-03-31T15:45:00Z

    [16:40 CEST 31-03] UK – Capita Hartshead has launched a new investment consultancy service that aims to provide a range of advice services for both defined benefit (DB) and defined contribution (DC) schemes.

  • News

    Friends Prov rejects £3.5bn JC Flowers offer

    2008-03-31T14:30:00Z

    [15:30 CEST 31-03] UK - Friends Provident has confirmed it has rejected an offer from US private equity firm JC Flowers to acquire the firm for 150p a share.

  • News

    PPF adopts mortality changes as TPR issues dispute code

    2008-03-31T10:30:00Z

    [11:30 CEST 31-03] UK – The Pension Protection Fund (PPF) has confirmed the changes to the mortality and discount rate assumptions will come into force from today (March 31 2008).

  • News

    Whisky and mushroom firms plant buyout future

    2008-03-28T16:00:00Z

    [17:00 CET 28-03] UK – Morrison Bowmore Distillers has agreed terms with Paternoster for a £30m (€38m) phased buyout of its pension scheme.

  • News

    AP4 joins bid for Absolut vodka

    2008-03-28T15:50:00Z

    [16:50 CET SWEDEN - Fjärde AP-fonden (AP4) one of the five Swedish pension system's buffer funds has confirmed it is participating in an offer for V&S Vin&Sprit AB, the Swedish state-owned wine and spirit firm which produces drinks brands including Absolut vodka.

  • News

    Trustees side with Royal Mail over DB reforms

    2008-03-28T13:00:00Z

    [14:00 CET 28-03] UK - Royal Mail has confirmed it is pushing ahead with changes to its defined benefit pension scheme from April 1, following approval from scheme trustees.

  • News

    HMRC extends money laundering deadline

    2008-03-28T11:00:00Z

    [12:00 CET 28-03] UK – HM Revenue & Customs has extended the deadline for registering as a trust or company service provider (TCSP) under new money laundering regulations, giving professional pension trustees until May 31 2008 to decide if they need to register.

  • Investment in Irish equities fell 2.8%
    News

    Investment in Irish equities fell 2.8%

    2008-03-27T14:15:00Z

    [15:15 CET 27-03] IRELAND – Trustees have been "actively reducing investment risk" during 2007, with 28.5% of assets under passive management and a 2.8% reduction in exposure to Irish equities, the Irish Association of Pension Funds (IAPF) has revealed.